Zain Iraq Reports Strong Q2 2025 Financial Performance with 19% YoY Revenue Growth

Baghdad, Iraq | August 2025:  Zain Iraq, one of Zain Group's leading mobile telecommunications providers in the Middle East and North Africa, together with its affiliates Horizon Scope Telecom company and Next Generation wholesale and retail distribution company, proudly announced its financial results for the second quarter (Q2) and six months (H1) ended 30 June 2025. The operator achieved exceptional growth, driven by network expansion, commercial focus, and diversification of digital and enterprise services.

Revenue soared to USD 313 million, marking a 19% YoY increase. EBITDA recorded USD 116 million, with a healthy 37% margin for Q2 2025, underscoring steady growth in operational performance. Net income also showed 3% YoY growth, reaching USD 40 million.

For the first six months of 2025, Zain Iraq’s revenue soared 16% YoY to reach USD 559 million. EBITDA amounted to USD 222 million, reflecting a solid 37% margin growth, while net income grew 23% to reach USD 66 million.

Meanwhile, the customer base grew to 20.9 million, marking a solid 10% YoY growth, further reinforcing the company’s leading position in Iraq.

Commenting on the results, Zain Iraq CEO Emre Gurkan stated: “We are proud of our Q2 performance which underlines the effectiveness of our strategic investments in network expansion, digital services, and enterprise solutions. By continuously enhancing connectivity and customer experience, Zain Iraq is driving sustainable growth and value creation in the Iraqi market.”

Operational achievements In H1 2025, key operational achievements included ongoing network expansion, the rollout of enterprise solutions, increased investments in digital innovation, and strengthened wholesale and retail distribution; together driving revenue growth and broader service diversification.

Zain Iraq remains committed to delivering robust financial performance while enabling Iraq’s digital transformation, providing seamless connectivity and innovative services to its growing customer base.